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FRC Thematic Review – viability and going concern disclosures

The FRC’s viability and going concern thematic review of September 2021 summarises its key findings following the review of a selection of annual reports and accounts which had year ends between December 2020 and March 2021. This review sets out examples of best practice and recommendations of how preparers of annual accounts could improve their viability and going concern disclosures in the future.

Key observations

The report highlighted that the more helpful viability and going concern disclosures:

Expectations for future reporting

The FRC expects viability statements to:

The FRC expects going concern disclosures to:

What next?

Companies are encouraged to consider the findings within this thematic review when drafting their upcoming annual reports.

If you require any further information or assistance on viability and going concern disclosures, please contact Helen Jones or your usual RSM contact.

authors:helen-jones